secwatch.observer — SEC 8-K summary
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Issuer:     Perception Capital Corp. III (—)
CIK:        0001853580
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001829126-23-002643
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SPAC Portage Fintech borrows $1.25M from sponsor via promissory note
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- Promissory note with sponsor PFTA I LP allows borrowing up to $1,250,000, drawn in full on April 5, 2023.
- Note is non-interest bearing, due the earlier of July 23, 2023 or a business combination.
- Proceeds used to fund working capital expenses prior to any initial business combination.
- Sponsor waives any claim against the trust account; repayment comes from trust proceeds upon deal close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853580/000182912623002643/0001829126-23-002643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853580/000182912623002643/portagefintech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-23-002643

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer